Latest News
Greece said to near compromise with lenders on bailout reforms
Greece and its international lenders were said to be edging closer to a compromise on signing off on a review of bailout reforms which could unlock more aid to the nation.
Italian industrial production slows down in March
Italian industrial production grew more slowly last month, weighed down by a sharp fall in energy output.
Asia report: China jumps on softer inflation data
Shares in China jumped amid mixed Asian markets on Monday thanks to softer inflation data out of the People’s Republic, but a still-rallying yen dragged Tokyo down.
Graphene Nanochem agrees debt restructuring plan
AIM-listed Graphene NanoChem has agreed a debt restructuring plan with its Malaysian lenders, including selling off some non-core business and exiting from low-margin operations.
China CPI misses forecasts in March, but factory gate prices register first rise since 2013
Inflation pressures in China were slightly more muted than expected in March, but analysts drew comfort from a lower pace of declines in factory gate prices.
Johnston Press completes purchase of i newspaper
Regional newspaper publisher Johnston Press said it had completed its takeover of the i newspaper from Independent Print Ltd.
Aggreko loses power on UBS downgrade
Temporary power provider Aggreko was under the cosh after UBS downgraded the stock to ‘sell’ from ‘neutral’ and slashed the price target to 800p from 1,050p.
Whitehall hits out at Brussels over Three-O2 merger
The European probe of Three’s takeover of O2 was heavily criticised by the UK’s competition watchdog on Monday, with the Competition and Markets Authority claiming the deal could threaten choice and competitiveness in Britain’s mobile market.
Jefferies upgrades Schroders, downgrades Ashmore
Jefferies upgraded Schroders to ‘buy’ from ‘hold’ given the stock’s recent share price performance, as it took a look at UK asset managers.
London open: Stocks slide after China inflation misses forecasts
UK stocks declined on Monday after China inflation came in worse than economists had expected, fuelling fears about the world’s second largest economy.
Europe open: Stocks slip as oil prices retreat; China data digested
European stocks edged lower in early trade following a mostly downbeat session in Asia and amid weaker oil prices.
Investor adviser calls on BP shareholders to reject remuneration report
British shareholder advisory group ShareSoc said on Monday that it will recommend its members vote against oil giant BP’s remuneration report at the upcoming annual general meeting.
StanChart looking to sell billions of pounds-worth of assets, report says
StanChart was looking to hive-off $4. 4bn (£3. 1bn) in Asian assets, as the lender looked to shrink its balance sheet after being left reeling by record impairment charges.
Goldman Sachs to manage part of Kingfisher capital return
B&Q owner Kingfisher has engaged Goldman Sachs International to manage part of the capital return programme announced back in January.
Cairn Energy reports positive results from Senegal field
Cairn Energy said positive drilling results off Senegal had provided definitive evidence of the scale and extent of the SNE field.
Vedanta reports records in fourth quarter production update
FTSE 250 metals and mining company Vedanta Resources reported record annual production of aluminium, electricity, silver and Copper India cathodes in its fourth quarter production release on Monday morning, ahead of its full-year results to 31 March.
London pre-open: Stocks seen a little lower after China inflation data
London stocks were set to open a little lower on Monday following a mixed session in Asia after Chinese data revealed inflation remains benign.
Cranswick buys chicken producer; Vedanta updates on production
London’s FTSE 100 is seen starting 14 points lower than Friday’s close at 6,190.
Monday newspaper round-up: Interest rates, Cameron, Daily Mail
Negative interest rates risk hitting consumer spending and undermining the economic growth they are intended to encourage, the head of the world’s largest asset management group has warned. Larry Fink, chief executive of BlackRock, said that not enough attention was being given to the effect of negative rates on saving habits in a downbeat annual letter to his shareholders. – Financial Times.